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there's no deal, no new offer on the fiscal cliff crisis. president obama has just told the two senate leaders they should make the deal. the results immediately felt in the financial markets. look where the dow closed down 158 points when it became very clear nothing was happening and now take a look at where the numbers are in the after markets. we would open now down 315 points on the dow if we started trading now. down 315 points. we have much more on this throughout the rest of the program, but the market's very unhappy. we do have some good news to report tonight. looks like at least one cliff has been averted for the time being. the so-called container cliff. the union that represents dock workers and u.s. maritime lines came to an agreement today to extend their current contract for 30 days. this is a big relief now for the retail industry and consumers who were staring at real destruction again for the supply chain. here now is jonathan gold and he's vice president of supply chain and customs policy for the national retail federatio
there's no deal, no new offer on the fiscal cliff crisis. president obama has just told the two senate leaders they should make the deal. the results immediately felt in the financial markets. look where the dow closed down 158 points when it became very clear nothing was happening and now take a look at where the numbers are in the after markets. we would open now down 315 points on the dow if we started trading now. down 315 points. we have much more on this throughout the rest of the...
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will a last-minute fiscal cliff deal get done? and if it does what will it look like. >>> we have a deal. we may still get hit with an automatic tax hike. how much will that cost you? in time for the new year, a new snowstorm headed to the northeast. we'll let you know how bad this will get. and the yore in review, up with of the most unique and appalling takes on the year in review. good morning to you all. welcome to weekends with alex witt. no alex today. taking a much deserved weekend off. i'm t.j. holmes, good to be with you. new this morning, president obama outlining his course of action if we all go off the cliff. >> if an agreement isn't reached on time, then i'll urge the senate to hold an up-or-down vote on a basic package that protects the middle class from an income tax hike, extends vital unemployment insurance for americans looking for a job and lays the ground work for more economic growth and deficit reduction. >> the president is optimistic that a deal can be reached midnight on new year's eve. listen to senate m
will a last-minute fiscal cliff deal get done? and if it does what will it look like. >>> we have a deal. we may still get hit with an automatic tax hike. how much will that cost you? in time for the new year, a new snowstorm headed to the northeast. we'll let you know how bad this will get. and the yore in review, up with of the most unique and appalling takes on the year in review. good morning to you all. welcome to weekends with alex witt. no alex today. taking a much deserved...
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tonight's question, in light of the president's remarks, will a fiscal cliff deal get done? text "a" for yes, text "b" for no to 622639 or go to our blog at ed.msnbc.com. i'll bring you the results later in the show. joining me now is sheldon whitehouse from rhode island. thank you for joining us. >> thank you for having me. >> sir, this is serious, this is even dire. are you encouraged by the meeting today and the president's remarks in the aftermath of that meeting? >> well, i think that the decision to move the forum for the negotiations to the senate was a necessary one. i have a lot of confidence in harry reid's negotiating ability. mitch mcconnell is a veteran negotiator, and i think there's a far better prospect of something being worked out in the senate than there was dealing with speaker boehner and his completely dysfunctional house republican party. >> sure. well, abiding by convention and of course protocol, the senate won't return until sunday. will there be enough time for the senate leaders to really craft a deal that is substantiative and makes a difference,
tonight's question, in light of the president's remarks, will a fiscal cliff deal get done? text "a" for yes, text "b" for no to 622639 or go to our blog at ed.msnbc.com. i'll bring you the results later in the show. joining me now is sheldon whitehouse from rhode island. thank you for joining us. >> thank you for having me. >> sir, this is serious, this is even dire. are you encouraged by the meeting today and the president's remarks in the aftermath of that...
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Dec 29, 2012
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bad deal worse than no deal? >> it is, and we're talking about the fiscal cliff. we are really dealing with is the fiscal fraud. we fell off the cliff along time ago. we are in the best, $16 trillion in debt. a debt our children and grandchildren will never be able to pay off, a total fraud, not dealing with spending, and unless they do we are not going to fix the problems is a country is facing. tom: same point, i mean, is this something that will start tuesday or have businesses and individuals already started be having different because of the fact that this whole process was coming up in addition to what the congressman was talking about? >> certainly was tree has been reacting to this, but i very much disagree about the causes. that is when we extended tax cuts do so wealthy individuals in 2001 and three did not need them and then we saw an incredible decrease in revenue as a result of wall street tanking our economy in the 2008 economic downturn. it's not an issue so much of expanding -- expanded spending. spending is not a control. what is happening is reve
bad deal worse than no deal? >> it is, and we're talking about the fiscal cliff. we are really dealing with is the fiscal fraud. we fell off the cliff along time ago. we are in the best, $16 trillion in debt. a debt our children and grandchildren will never be able to pay off, a total fraud, not dealing with spending, and unless they do we are not going to fix the problems is a country is facing. tom: same point, i mean, is this something that will start tuesday or have businesses and...
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cliff deal. 30,000. here is a headline at ktvn in nevada. unemployment insurance recipients notified benefits may end. nearly 25,000 nevadans were notified this week that their unemployment benefits will end after this week if congress does not vote by tuesday. to continue, though. here's the headline out of michigan. 85,000. 85,000 michiganders losing unemployment benefits. here's the palm beach post, 115,000 floridians being cut at the end of the year. 43,000 in connecticut could lose unemployment benefits. a few minutes ago, you heard jeff merkley of oregon mention, i believe, the 30,000 in oregon. one of the things that has been lost in all the fiscal cliff wrangling over the last couple of months is something really dramatic will happen really soon that will affect a ton of people who cannot, cannot afford it. four days from now, if washington cannot find a way to get its act together, 2 million people will lose their unemployment benefits. all at once. they will go all go away. unemployment insuran
cliff deal. 30,000. here is a headline at ktvn in nevada. unemployment insurance recipients notified benefits may end. nearly 25,000 nevadans were notified this week that their unemployment benefits will end after this week if congress does not vote by tuesday. to continue, though. here's the headline out of michigan. 85,000. 85,000 michiganders losing unemployment benefits. here's the palm beach post, 115,000 floridians being cut at the end of the year. 43,000 in connecticut could lose...
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i think beyond in fiscal cliff deal there has to be a long-range plan. the simpson bowles plan i think is the one that makes most sense entitlement reform, spending cuts. and many other measures that need to happen. look, we have to have jobs and economic growth in this country he. that should be paramount in trying to resolve these economic problems. i think the congress and the president as soon as this deal is over and i think there will be one in the next week or so, short-term first, then a longer term one has to get down to job creation, economic growth, technology growth, international issues affecting our international security, this really needs to happen and it has to be bipartisan and i think we are moving in that direction right now. >> i'm going to make a final bet and prediction with you only because we are odd friends. i will bet you a gentleman's bet that the president wants the fiscal cliff and he will come back and give back the new tax increases and then there will be a huge fight over the debt ceiling and i don't see a path to any rea
i think beyond in fiscal cliff deal there has to be a long-range plan. the simpson bowles plan i think is the one that makes most sense entitlement reform, spending cuts. and many other measures that need to happen. look, we have to have jobs and economic growth in this country he. that should be paramount in trying to resolve these economic problems. i think the congress and the president as soon as this deal is over and i think there will be one in the next week or so, short-term first, then...
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gerri: president obama calling on congress to act to avoid the fiscal cliff. the president said he is optimistic. modestly optimistic, that is, that a deal can be done. here is the president. >> i still want to get this done. it's the right thing to do for our families and our businesses and for our entire economy. but for immediate action comedy hour is here. it is now. we are now at the point where in just four days, every american's tax rates are scheduled to go up by law. every american paycheck will get considerably smaller. that would be the wrong thing to do. gerri: no kidding. we have been telling you that for weeks. democrats and republicans alike should rename their parties the procrastination party. that is because like a lot of college freshman, they left their work until the last minute. including the 800 billion-dollar fiscal cliff that we have been talking about. a hundred billion dollars it hasn't happened yet. it's not like the deadline comes as a surprise to anybody at all, the least of all congress. they were the ones who extended the bush t
gerri: president obama calling on congress to act to avoid the fiscal cliff. the president said he is optimistic. modestly optimistic, that is, that a deal can be done. here is the president. >> i still want to get this done. it's the right thing to do for our families and our businesses and for our entire economy. but for immediate action comedy hour is here. it is now. we are now at the point where in just four days, every american's tax rates are scheduled to go up by law. every...
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. >> alison, i have no idea whether we'll get a fiscal cliff deal done or not. i do have a pretty good idea as to how we got into this gigantic pickle in the first place. >> now we've passed a bold package of tax relief for america's families and businesses. >> it starts when then president george w. bush initiated a series of tax cuts for all americans, but it's a deal with the devil. the cuts, which are politically expedient, but costly to government expire in ten years time. >> both houses of congress have now passed a package of tax relief that will protect the middle class. >> when it came time for the cuts to expire, the u.s. is just emerging from the worst recession since the great depression. so president obama agreed to extend the tax cuts for two more years in exchange for congress extending federal emergency unemployment benefits. those cuts are expensive. if they're extended by 2020, the bush-era tax cuts will be responsible for more than half the total national debt. democrats insist that taxes go up for the wealthy but stay in place permanently for
. >> alison, i have no idea whether we'll get a fiscal cliff deal done or not. i do have a pretty good idea as to how we got into this gigantic pickle in the first place. >> now we've passed a bold package of tax relief for america's families and businesses. >> it starts when then president george w. bush initiated a series of tax cuts for all americans, but it's a deal with the devil. the cuts, which are politically expedient, but costly to government expire in ten years...
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less than three days until the so-called fiscal cliff and congress still trying to hammer out a deal. they've had 515 days to work this out. still, though, capitol hill leaders are at an impasse and starting next week, you and i could see our paychecks cut as payroll taxes go up and that could be just the beginning. the clock at the bottom right of your screen there might as well have a blaringa, large on it because come midnight monday if lawmakers have not found the fiscal cliff solution you're going to hear a whole heck of a lot of noise. let's get straight to washington. nbc's kristen welker at the white house and luke russert is tracking developments at capitol hill and nbc news senior political editor mark murray is here to break it down for us from the washington bureau. we will start with kristen. last we heard, kristen welker, the president came out to report that he is modestly optimistic. has the rhetoric changed at all today? >> reporter: it has changed a little bit. the president is still modestly optimistic, but i just spoke with a democratic source who tells me at this
less than three days until the so-called fiscal cliff and congress still trying to hammer out a deal. they've had 515 days to work this out. still, though, capitol hill leaders are at an impasse and starting next week, you and i could see our paychecks cut as payroll taxes go up and that could be just the beginning. the clock at the bottom right of your screen there might as well have a blaringa, large on it because come midnight monday if lawmakers have not found the fiscal cliff solution...
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struggle to reach a deal to avert the fiscal cliff, for a larger deal along the lines laid out by the simpson bowls commission is a part of the past that is a disappointment, the key architect of the fix the debt campaign and maya mcginnis. thanks for being with me on this saturday, maya. >> thank you. >> am i right in suggesting that even if a deal is fixed it would be far too small for your liking. >> you are right. the immediate pressing task is to not hurl the country over the fiscal cliff and i disagree it wouldn't be a problem if we went over it, and i worry that the ramifications of going over the cliff could be quite severe, not just that tax increases would be put in place because realistically at some point zee to come to terms with the fact we need to raise revenues and we'll have to raise taxes in one way or another and the point is that the fiscal cliff is a way that we would put a ton of economic damage in the economy and a lot of uncertainty about whether washington can govern. but just as important or using that fiscal cliff and not going over it and using that moment
struggle to reach a deal to avert the fiscal cliff, for a larger deal along the lines laid out by the simpson bowls commission is a part of the past that is a disappointment, the key architect of the fix the debt campaign and maya mcginnis. thanks for being with me on this saturday, maya. >> thank you. >> am i right in suggesting that even if a deal is fixed it would be far too small for your liking. >> you are right. the immediate pressing task is to not hurl the country over...
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jessica yellin, thanks. >>> and january 1st is the deadline to make a deal on the fiscal cliff. for some states, it's a day that a series of new laws are going to take effect. let me get you clued in here. in california, talking more than 800 new laws, including one requiring apartments and condos to install carbon monoxide detectors. separately, employers will no longer be able to ask job applicants for log ins to social media accounts, such as facebook and twitter. and the increase between 28 cents and 37 cents per hour affects more than 1 million low-income earners. thanks to laws that have lower minimum wage to keep price. and the price of stamps is set to go up? e, again, by a penny, on january 27th, which brings the price of sending first-class mail to 46 cents. >>> well, the senate has also approved a five-year extension of the foreign intelligence surveillance act allowinging the government to eavesdrop on overseas phone calls and e-mails from potential terrorists. they say it's protected us from more attacks like 9/11. others argue the bill could be abused. the bill is
jessica yellin, thanks. >>> and january 1st is the deadline to make a deal on the fiscal cliff. for some states, it's a day that a series of new laws are going to take effect. let me get you clued in here. in california, talking more than 800 new laws, including one requiring apartments and condos to install carbon monoxide detectors. separately, employers will no longer be able to ask job applicants for log ins to social media accounts, such as facebook and twitter. and the increase...
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adam: oh, joy of joy. >> if we get some deal with the fiscal cliff which i think we will and our politicians are the worst even a blind squirrel will occasionally find a nut. they will get this done sometime by january 15th or something like that. if they do not extend the debt ceiling you will have close to armageddon at the end of february and march. adam: spencer i take issue what about our politicians being the worst. our congress is the best congress money can buy. don't forget it. jonathan he is talking about armageddon because of the debt ceiling. i would be terrified if i were not in the market putting my toe in this. there will have to be buying opportunity if people panic and sell. >> which market, adam? that can be the story of 2003 and headlines are obviously scary they have a tendency to sell stocks and buy bonds. that is the safe move. i think the reverse will be true in 2013 and stocks will look quite attractive versus bonds. a highly manipulated market government stepped in and tried to hold interest rates low. once inflation starts to show its head, i think bonds, supposedly
adam: oh, joy of joy. >> if we get some deal with the fiscal cliff which i think we will and our politicians are the worst even a blind squirrel will occasionally find a nut. they will get this done sometime by january 15th or something like that. if they do not extend the debt ceiling you will have close to armageddon at the end of february and march. adam: spencer i take issue what about our politicians being the worst. our congress is the best congress money can buy. don't forget it....
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we begin with the 11th-hour, high-stakes meeting at the white house late today to avoid the fiscal cliff. but no deal, as anger builds across the country, the clock is ticking. just four days left before taxes go up for all americans and federal programs see major cuts. we've shown you the math here. the average american household would see their tax bill go up nearly $3,500. this evening, president obama telling congress, the american people are watching what we're doing here. he appeared in the briefing room a short time ago. let's go right to jon carl tonight. good evening. >> reporter: good evening, david. there are finally signs of life here in washington. after meeting with congressional leaders here at the white house, the president pronounced himself modestly optimistic that a bipartisan agreement can finally be struck that would prevent taxes from going up on virtually everybody in just four days. after meeting with the congressional leaders, the president said there would be one more effort to come to a bipartisan agreement to avoid the fiscal cliff. >> the hour for immediate a
we begin with the 11th-hour, high-stakes meeting at the white house late today to avoid the fiscal cliff. but no deal, as anger builds across the country, the clock is ticking. just four days left before taxes go up for all americans and federal programs see major cuts. we've shown you the math here. the average american household would see their tax bill go up nearly $3,500. this evening, president obama telling congress, the american people are watching what we're doing here. he appeared in...
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there is no deal yet for the fiscal cliff. but for now we have at least avoided the container cliff. 15,000 dock workers at 15 major u.s. ports and port owners agreeing to extend an expired contract for 30 days. the main issue is container royalties. the heavier the container the more dock workers get paid. owners want to cap payments. a strike would have meant higher prices on many goods like clothing, auto goods and electronic products because they would have been in short supply. emma lou harris could be in trouble with the law. tmz reports that harris is accused of hitting another car on a highway then driving off. the l.a. county d.a. is deciding whether harris will face any charges. in one was hurt. a rep for the singer says it was so minor harris didn't even know she hit the other car. and those are your headlines. >> thank you, juliet. let's talk about this story because this is outrageous. >> dave: unbelievable. >> juliet: sick. >> clayton: here is what vladimir putin did in response to the united states trying to put
there is no deal yet for the fiscal cliff. but for now we have at least avoided the container cliff. 15,000 dock workers at 15 major u.s. ports and port owners agreeing to extend an expired contract for 30 days. the main issue is container royalties. the heavier the container the more dock workers get paid. owners want to cap payments. a strike would have meant higher prices on many goods like clothing, auto goods and electronic products because they would have been in short supply. emma lou...
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cliff to convince investors that a deal can get done. so at this point, the market doesn't really want a band-aid or so-called framework deal. in fact, one trader told me that it would almost be better if we went over the cliff, because that would give the markets some certainty. they would at least know what to expect. that is, of course, instead of a band-aid measure, because the worry there is that it would just kick the can down the road. now, this is usually the time of year when we see what's known as a santa claus rally, when investors push up stocks an average of 1.5% in the last few days of the year. and that kind of rally has come to wall street over the past four years. the santa claus rally still has some time to make it, though, with the market wrapping up 2012 on monday with a full day of trading. now, the major averages are, though, on track to make some solid gains for the year. you look at 2012 heading into monday for the dow industrials, they're up 6%. the nasdaq is up more than 13%. and the s&p 500, that's up 1 1% for
cliff to convince investors that a deal can get done. so at this point, the market doesn't really want a band-aid or so-called framework deal. in fact, one trader told me that it would almost be better if we went over the cliff, because that would give the markets some certainty. they would at least know what to expect. that is, of course, instead of a band-aid measure, because the worry there is that it would just kick the can down the road. now, this is usually the time of year when we see...
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our top story tonight, the last ditch effort to avert the fiscal cliff. president obama met with congressional leaders for several hours at the white house today to try to hammer out a deal before taxes go up on more than 160 million americans. after the meeting, the president presented a new plan to avoid the cliff and said he was modestly optimistic. >> we had a constructive meeting today. senators reid and mcconnell are discussing a potential agreement where we can get a bipartisan bill out of the senate over into the house and done in a timely fashion so that we met the december 31st deadline. given how things have been working in this town we have to actually wait and see until it actually happens. the one thing that the american people should not have to wait and see is some sort of action. so if we don't see an agreement between the two leaders in the senate, i expect a bill to go on the floor. and i have asked senator reid to do. this put a bill on the floor that makes sure that taxes on middle class families don't go up, that unemployment insuran
our top story tonight, the last ditch effort to avert the fiscal cliff. president obama met with congressional leaders for several hours at the white house today to try to hammer out a deal before taxes go up on more than 160 million americans. after the meeting, the president presented a new plan to avoid the cliff and said he was modestly optimistic. >> we had a constructive meeting today. senators reid and mcconnell are discussing a potential agreement where we can get a bipartisan...
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at the 11th hour, just when people were starting to lose hope on the edge of the fiscal cliff the president met with leaders and said he was modestly optimistic about a deal on taxes. meeting this the red room, president obama held firm for tax cuts for families making up to $250,000 per year, and joining me on the north lawn of the white house is kristen welker. kristen, let's listen to what the president said about and up or down vote or what he expects from the senate. >> i had a good and constructive discussion here with the leadership about this tax hike on the middle-class. i am optimistic that we can reach an agreement that will be passed in both houses. if an agreement is not reached in time between senator reid and senator mcconnell, then i will urge senator reid to bring to the floor and up or down vote for the floor, and i believe a p proposal could pass both houses with majorities as long as the leaders allow it to actually come to a vote. if members of the house or the senate want to vote no, they can. but we should let everybody vote. >> kristen, this up or down vote seems to
at the 11th hour, just when people were starting to lose hope on the edge of the fiscal cliff the president met with leaders and said he was modestly optimistic about a deal on taxes. meeting this the red room, president obama held firm for tax cuts for families making up to $250,000 per year, and joining me on the north lawn of the white house is kristen welker. kristen, let's listen to what the president said about and up or down vote or what he expects from the senate. >> i had a good...
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both parties want it to go over the fiscal cliff in order to save face politically and strike a deal next month. will that be too late? alex stewart a republican stat gist and here in studio my favorite juan, juan williams a fox news contributor. aren't the consequences of going off the fiscal cliff all that's miss something vegan lunches. you must be giddy about going over the cliff. not me i don't want to go over the cliff. i think, you know what? i have investments. i work for a living. guess what? it would be absolutely traumatic for the global economy and recession not in the midst of a strong recovery. it's pretty weak. i don't think it's good news for anybody. this is something that the press doesn't pay attention to, greg. i think if obama to start a second term with everybody saying oh my gosh the ski is falling and the economy is going to hell. consumer confidence thinking that's nod goodous for democrats. how why think it's good news for democrats? >> you just sounded like a republican. >> stop, get out of here. the fiscal cliff is defense cuts and high taxes welcome to th
both parties want it to go over the fiscal cliff in order to save face politically and strike a deal next month. will that be too late? alex stewart a republican stat gist and here in studio my favorite juan, juan williams a fox news contributor. aren't the consequences of going off the fiscal cliff all that's miss something vegan lunches. you must be giddy about going over the cliff. not me i don't want to go over the cliff. i think, you know what? i have investments. i work for a living....
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. >> next, we will continue looking at the fiscal cliff negotiations and how americans would be affected if congress and the white house don't reach a deal. our guest is joseph rosenberg with the tax policy center, followed by a discussion on
. >> next, we will continue looking at the fiscal cliff negotiations and how americans would be affected if congress and the white house don't reach a deal. our guest is joseph rosenberg with the tax policy center, followed by a discussion on
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we are talking about senate negotiating the fiscal cliff deal. the work they're still trying to get done. the first call comes from lee in florida. caller: i tried to call in yesterday, but everybody was concerned about this matter. let me give you a website that i have been e-mail in over 400 people. it is the website -- you go to search "cause of war." this is the biggest cover up by all of the politicians of their in washington, d.c., including both bushes and of mr. obama. host: and what does this have to do with the senate negotiating a fiscal of deal? caller: let me tell you something. if you go to the website listed on the left and upper side, united states -- each tax coming out of each state is going towards the or. -- war. i believe all of these politicians, mayors, governors should take a half cut pay to pay down the deficit. host: we are going to move on to darwin on the line for independents. caller: it is like the pentelikon, back in 1968 i was even fighting with the pentagon over budgets. you always had to have everything kept the
we are talking about senate negotiating the fiscal cliff deal. the work they're still trying to get done. the first call comes from lee in florida. caller: i tried to call in yesterday, but everybody was concerned about this matter. let me give you a website that i have been e-mail in over 400 people. it is the website -- you go to search "cause of war." this is the biggest cover up by all of the politicians of their in washington, d.c., including both bushes and of mr. obama. host:...
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off that fiscal cliff. the deadline's tuesday. if the deal isn't reached, taxes will go up on just about everybody. and massive spending cuts will kick in. >>> in india, the young woman gang-raped on a new delhi bus is dead. doctors say she died peacefully at that singapore hospital where she was being treated. authorities plan to add murder charges against the six suspects arrested in that rape. the charges will be filed thursday. angry protesters have been demanding justice and more protection for women. and police expect more demonstrations in the days to come. >>> four people are dead after a plane crashed at the moscow airport. four others were injured. eight people were on board, all of them crew members when the plane overshot the runway. don't go away. at 2:00 p.m. eastern, the top stories of the day including that growing outrage over russia's adoption ban. hundreds of americans are frantic after being told their adoptions are not going to go through. we'll also take a look back at the year in politics and the fierce batt
off that fiscal cliff. the deadline's tuesday. if the deal isn't reached, taxes will go up on just about everybody. and massive spending cuts will kick in. >>> in india, the young woman gang-raped on a new delhi bus is dead. doctors say she died peacefully at that singapore hospital where she was being treated. authorities plan to add murder charges against the six suspects arrested in that rape. the charges will be filed thursday. angry protesters have been demanding justice and more...
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to they can't replace the fiscal cliff with a big debt deal. and they're once again starting to talk about the debt ceiling as something that it's not at all clear will be raised in a responsible way. and by responsible, what would happen is they raise the debt ceiling in return for putting in place budgetary changes. but if there's a real threat of not raising the debt ceiling, there's just too much uncertainty right now which could rattle markets and harm the economy. so i'm worried about holding the country hostage on that. i would much prefer to put in place a comprehensive debt deal in advance of that and raise the debt ceiling at the same time. >> all right. well, i know you keep an eye on this better than just about anybody out there. myra mcguinness, thank you for your time. i know we'll be talking to you down the road. >> thank you. >>> let me turn now about 18 minutes from now i'm going to get up here. craig melvin is going to be in the chair. craig, good morning to you, kind sir. how you doing? >> good to see you over there, my frien
to they can't replace the fiscal cliff with a big debt deal. and they're once again starting to talk about the debt ceiling as something that it's not at all clear will be raised in a responsible way. and by responsible, what would happen is they raise the debt ceiling in return for putting in place budgetary changes. but if there's a real threat of not raising the debt ceiling, there's just too much uncertainty right now which could rattle markets and harm the economy. so i'm worried about...
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guest: the house is back to deal with the fiscal cliff bill. the hope to supporters of the sandy supplemental is the house would do something on the fiscal cliff package and somehow they could use that as an opportunity to get the sandy bill through. the chance for the full supplemental to be passed before the end of the year, it will either be a smaller amount or they will not touch it at all. the senate will have to start over next year. host: raymond hernandez i need." >> they joined -- an unusual move they are working together as opposed to saying separately i am in new york, this is what i need, new jersey and connecticut are on their own. they have to make their own appeal. guest: you have a lot of the personalities representing the victims of sandy. they have pulled together effectively after the first few weeks after the storm. they have generally been pushing the same direction. the problem the victims of sandy have in new jersey and new york is there represented almost primarily by democrats. the house is run by republicans. democrats
guest: the house is back to deal with the fiscal cliff bill. the hope to supporters of the sandy supplemental is the house would do something on the fiscal cliff package and somehow they could use that as an opportunity to get the sandy bill through. the chance for the full supplemental to be passed before the end of the year, it will either be a smaller amount or they will not touch it at all. the senate will have to start over next year. host: raymond hernandez i need." >> they...
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>>> on the broadcast tonight, deadlocked, with less than four days until the fiscal cliff deadline. the president summons congressional leaders to the white house. what will it take to get a deal and prevent your taxes from going up? >>> winter blast. we're tracking yet another big storm. tonight, the latest on where it is headed and how it will impact holiday travel. >>> caught in the middle. tonight, hundreds of children and families with shattered dreams. why has the russian government banned adoptions by u.s. citizens? >>> and new revelations about ronald reagan's relationships with two of the most powerful women in the world, the queen and margaret thatcher in documents released three decades later. "nightly news" begins now. >>> from nbc news world headquarters in new york, this is "nbc nightly news" with brian williams. >>> good evening, i'm natalie morales in tonight for brian. it is down to the wire now with about 80 hours until the fiscal cliff deadline. and on what is a holiday weekend for many, that is not the case for congressional leaders in washington. there was a sen
>>> on the broadcast tonight, deadlocked, with less than four days until the fiscal cliff deadline. the president summons congressional leaders to the white house. what will it take to get a deal and prevent your taxes from going up? >>> winter blast. we're tracking yet another big storm. tonight, the latest on where it is headed and how it will impact holiday travel. >>> caught in the middle. tonight, hundreds of children and families with shattered dreams. why has...
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to avoid that fiscal cliff. we are, of course, just three days away from falling over the edge and seeing massive tax hikes and spending cuts that would go into effect. today president obama called on congress to agree on a compromise plan to protect the middle class. >>> the woman who went to prison for murdering the scarsdale diet doctor in 1990 has herself died. jean harris was 89. she was the doctor's longtime lover. he developed the famous fad, the diet in the 1980s, and harris said she found him treated on her and tried to commit suicide in front of him. they wrestled over a gun and he was shot. >>> former president george h.w. bush is getting better. he is reportedly singing with doctors and nurses in the houston hospital where he is at, although he is still in the intensive care unit. the senior bush has been in the hospital now for more than a month, but his family says that they are confident that he'll be out or released soon. >>> a cancer diagnosis didn't stop one man. in fact, at 79, it is spurring
to avoid that fiscal cliff. we are, of course, just three days away from falling over the edge and seeing massive tax hikes and spending cuts that would go into effect. today president obama called on congress to agree on a compromise plan to protect the middle class. >>> the woman who went to prison for murdering the scarsdale diet doctor in 1990 has herself died. jean harris was 89. she was the doctor's longtime lover. he developed the famous fad, the diet in the 1980s, and harris...
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parachute. >> the last minute move to save us from the fiscal cliff. and, a shooting inside a politician. -- police station. officers down and a suspect dead. >> i saw them throw somebody into an ambulance. >> in moments, what we know about how this happened. and on very thin ice. >> the deeper you got out, the more ice was cracking. you just couldn't get to them. >> the rescue mission to pluck a man and a dog from a frozen river. i'm harris faulkner in for shepard smith. and president obama says tonight there is still time to get a deal done before we fall off the fiscal cliff. and he demanded congress take action now before it's too late. the president spoke in the white house briefing room just about an hour ago now. he was visibly tense. frustration in his voice. >> america wonders why it is in this town for some reason you can't get stuff done in an organized timetable. why everything always has to wait until the last minute. well, we are now at the last minute. and the american people are not going to have any patience for a politically self-infl
parachute. >> the last minute move to save us from the fiscal cliff. and, a shooting inside a politician. -- police station. officers down and a suspect dead. >> i saw them throw somebody into an ambulance. >> in moments, what we know about how this happened. and on very thin ice. >> the deeper you got out, the more ice was cracking. you just couldn't get to them. >> the rescue mission to pluck a man and a dog from a frozen river. i'm harris faulkner in for shepard...
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lawmakers have just three days left to get a deal done in time to avoid the fiscal cliff. even if a deal is thrown together at the 11th hour, senate majority leader harry reid says what they come up with will be imperfect. and some people aren't going to like it. i spoke with independent new york stock exchange trader kenny polkari earlier and asked them how wall street is reacting to the looming fiscal cliff. >> we've come right to the 11th hour. the -- the fact that there's going to be a substantive deal that comes out of this in the 11th hour is probably nil to zero, right? essentially in my sense, it's easier to go over the cliff. then there's clarity, right? taxes will go up, spending will get cut. the market will know what is going to happen. it can only get better from there because then you'll get legislators that come to the table, that try to cut taxes and raise some spending, and they'll argue it from a positive point of view and stand up and say, rah-rah, look what we, did right? it won't get any worse if we go over the cliff. if there's a bandaid, it leaves co
lawmakers have just three days left to get a deal done in time to avoid the fiscal cliff. even if a deal is thrown together at the 11th hour, senate majority leader harry reid says what they come up with will be imperfect. and some people aren't going to like it. i spoke with independent new york stock exchange trader kenny polkari earlier and asked them how wall street is reacting to the looming fiscal cliff. >> we've come right to the 11th hour. the -- the fact that there's going to be...
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fiscal cliff talks at the white house end with no deal, but president obama says he's still hopeful and says "we've got to get this done." gold prices pulled back today on worries about the fiscal cliff, will the metal shine in 2013? then cuba, tonight's "market monitor" sees big opportunity on the tiny island when the embargo's lifted. thomas herzfeld, of thomas herzfled advisors joins us. that and more tonight on "n.b.r."! president obama says he's "modestly optimistic" a fiscal deal can be reached in time. he said he's instructed senator harry reid and senator mitch mcconnell to come up with a plan that can pass in congress. his brief comments a short while ago came after a it
fiscal cliff talks at the white house end with no deal, but president obama says he's still hopeful and says "we've got to get this done." gold prices pulled back today on worries about the fiscal cliff, will the metal shine in 2013? then cuba, tonight's "market monitor" sees big opportunity on the tiny island when the embargo's lifted. thomas herzfeld, of thomas herzfled advisors joins us. that and more tonight on "n.b.r."! president obama says he's "modestly...
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congressional leaders scrambling to reach a deal to avoid the fiscal cliff before tuesday's deadline. >>> milk, get this, milk $7 a gallon? it could happen if congress doesn't pass a new farm bill. >>> and then smartphone apps. we'll tell you the best buys of 2012. i know. i'm will, and this is the nokia lumia 920 from at&t. it's got live tiles so all my stuff's always right there in real-time. it's like the ultimate personal assistant. but i'm me, and me needs handlers. so i hired todd to handle it for me. todd, gimme that hollywood news! what's happening on twitter? you're trending! yes! you can't have a todd, but you can have your own personal assistant. i guess you could call it todd. [ male announcer ] the new nokia lumia 920 with live tiles that deliver what you want in real time. only from at&t. rethink possible. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to thi
congressional leaders scrambling to reach a deal to avoid the fiscal cliff before tuesday's deadline. >>> milk, get this, milk $7 a gallon? it could happen if congress doesn't pass a new farm bill. >>> and then smartphone apps. we'll tell you the best buys of 2012. i know. i'm will, and this is the nokia lumia 920 from at&t. it's got live tiles so all my stuff's always right there in real-time. it's like the ultimate personal assistant. but i'm me, and me needs handlers....
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cliff negotiations and how americans will be affected if the deadline pass without a deal. followed by a look at presidential campaigning and the influence of the legislator college with the author of the "rise of the presidential campaign." and an update with the sandy relief bill making its way through congress. "washington journal" live at 7:00 eastern on c-span. >> we started to get worried in the summer and the fall of 1774. the british were reporting to the crown that the colonists are trying to get ammunition and muskets and cannons. this is after the british sent war troops to boston. it was clear that they were pulling together ammunition maybe they did not entind to use it. that was a big debate. in 1774, basically, prohibited british ships from taking ammunition and everything to the colonies unless it was sanctioned. so they were very alert to this. as soon as the colonies found out about the council prohibiting ammunition from being sent to the colonies in new hampshire and rhode island militias took over the forts and took over the ammunition. so everybody new
cliff negotiations and how americans will be affected if the deadline pass without a deal. followed by a look at presidential campaigning and the influence of the legislator college with the author of the "rise of the presidential campaign." and an update with the sandy relief bill making its way through congress. "washington journal" live at 7:00 eastern on c-span. >> we started to get worried in the summer and the fall of 1774. the british were reporting to the crown...
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saying the hour for immediate action is here" to avoid the fiscal cliff. if there's no deal by midnight december 31st. there will be automatic tax increases and spending cuts. we'll have more from our political analyst in a minute - but first. kron 4's justine waldman is back with more on our developing story. >> reporter: after meeting with bi-partisan leaders friday, the president said no one will get 100-percent of what they want. he said if congress can't reach a deal. congress should allow a vote on a basic package that would preserve tax cuts for middle-class americans, >> i am optimistic that we can still pass a deal in both houses in time, mitch mcconnell, and harry reid are working on an agreement as we speak >> i have my confidence destroyed on other occasions and so i hope it is not on this occasion the timing, we have to do it now that is what the next 24 hours will be very important. >> we had a good meeting in the white house we are engaged in discussions with the majority, the leader and myself in hopes that we can come forward as early as s
saying the hour for immediate action is here" to avoid the fiscal cliff. if there's no deal by midnight december 31st. there will be automatic tax increases and spending cuts. we'll have more from our political analyst in a minute - but first. kron 4's justine waldman is back with more on our developing story. >> reporter: after meeting with bi-partisan leaders friday, the president said no one will get 100-percent of what they want. he said if congress can't reach a deal. congress...
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they talked about the need to reach a deal to avert the fiscal cliff. >> i've been working people of both parties with the help of business leaders and ordinary americans to come together around a plan to grow the economy. a plan that would protect the middle class, cut spending and ask the wealthiest americans to pay a little bit more. i will keep working with anyone who is serious about getting a comprehensive plan like this done. we are now just -- all tax rates are going up. a will get a lot smaller. it would hurt middle-class families and businesses that depend on your spending. congress can prevent it from happening. leaders are working on a way to prevent this tax hike on the middle class. if an agreement is reached i will urge the senate to hold an up or down vote to protect the middle class from the income- tax hike. it could pass both houses a bipartisan majority. but they still want to vote no, that is their prerogative. they shall let everybody else vote as well. we cannot afford a politically self-inflicted wound. the housing market is healing. the unemployment rate is t
they talked about the need to reach a deal to avert the fiscal cliff. >> i've been working people of both parties with the help of business leaders and ordinary americans to come together around a plan to grow the economy. a plan that would protect the middle class, cut spending and ask the wealthiest americans to pay a little bit more. i will keep working with anyone who is serious about getting a comprehensive plan like this done. we are now just -- all tax rates are going up. a will...
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. >> brown: the final weekend has now arrived before the fiscal cliff hits on new year's day and with it, more than $600 million in tax hikes and spending cuts. in a last bid for a deal, president obama stated his terms face-to-face to top republicans and democrats. >> congressional leaders arrive ted white house this afternoon for their first group meeting with the president since november 16th. vice president biden and treasury secretary timothy geithner also attend. but there was little to suggest the makings of an 11th hour bargain. a source familiar with the meeting told the newshour its president is sticking with his offer from last friday. it included keeping the bush era tax break force the middle class but raising tax rates on incomes over 250,000 dollars a year. president also wants to extend unemployment benefits for some 2 million americans who will lose them in the new year. and a proposal would delay any spending cuts. the president asked for an up or down vote on his plan unless there is a counter proposal that will pass both the house and senate. a little more than an
. >> brown: the final weekend has now arrived before the fiscal cliff hits on new year's day and with it, more than $600 million in tax hikes and spending cuts. in a last bid for a deal, president obama stated his terms face-to-face to top republicans and democrats. >> congressional leaders arrive ted white house this afternoon for their first group meeting with the president since november 16th. vice president biden and treasury secretary timothy geithner also attend. but there was...
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on the fiscal cliff today, hoping to avoid steep spending cuts and tax increases. kristin welker is at the white house where the president had a high-profile meeting with congressional lawmakers on friday. good morning. >> reporter: carl, good morning to you. all eyes are on the senate this morning as majority leader harry reid and minority leader mcconnell true to cobble together a last-minute plan to avoid the fiscal cliff. president obama saying he is modestly optimistic that they can come up with a plan in time. on friday, president obama met with the four top congressional leaders here at the white house for about an hour. sources close to those talks say that the president gave lawmakers two options, either come up with a plan that can make it through both chambers or put his proposal up for a vote. under the president's plan, the bush-era tax cuts would be extended for those making $250,000 or less with rates allowed to raise on top income earners. it would also extend unemployment insurance benefits. president obama saying the time for action is now. >> the
on the fiscal cliff today, hoping to avoid steep spending cuts and tax increases. kristin welker is at the white house where the president had a high-profile meeting with congressional lawmakers on friday. good morning. >> reporter: carl, good morning to you. all eyes are on the senate this morning as majority leader harry reid and minority leader mcconnell true to cobble together a last-minute plan to avoid the fiscal cliff. president obama saying he is modestly optimistic that they can...